The New USPAP

[George Hatch]

Why would it be the fault of the minimum standard?

 

[andrew81]

It is the fault of bad appraisers that there is a public trust issue. Not the manual that says don't do some sheit and provide at least this information.

Every profession has a code of conduct. It is not the code that is the measure of public trust. It is the individual interacting with the public that produces the public opinion.

 

[George Hatch]

Exactly. Every donkey who crosses the ethical line is stabbing the rest of the appraisers in the chest.

 

[andrew81]

The standard exists to provide a code of conduct for appraisers to follow in an attempt to protect the public trust in that an appraiser actually performs in an ethical manner and knows what they are doing.
Is there any profession that you would in good faith allow a "professional" to perform a task that the "professional" does not have the experience and knowledge performing?

 

[djd09]

did the client not get what they wanted...

 

[djd09]

The standard exists to provide a code of conduct for appraisers to follow in an attempt to protect the public trust in that an appraiser actually performs in an ethical manner and knows what they are doing. Is there any profession that you would in good faith allow a "professional" to perform a task that the "professional" does not have the experience and knowledge performing?

the results of the shotgun marriage of appraisers and unethical stakeholders are obvious...what did they expect

 

[andrew81]

Can you participate in a conversation with meaningful replies and discussion without subverting the topic?

 

[djd09]

blather away about ethics all you want...the so called clients are merely the fox that guards the hen house...

 

[George Hatch]

The irony of it is that when the appraiser can demonstrate they were operating to specs the client's dissatisfaction isn't sufficient to get what they want. If the written and legitimized specs didn't exist then the appraiser wouldn't be able to build the defensible position. It would all come down to the client always being right because they're the client. Or the reviewer being right because they're the reviewer.

As was commonly the case IRL prior to USPAP compliance being mandatory for appraisers and appraiser reviewers. People forget how common it used to be for disputes to be settled by status instead of standards. Now the reviewers and others claiming (I hold the grand wizard designation and you don't) status can get into trouble despite their status. Now the argument to reason prevails over the argument to authority.

If they actually put any of their own thinking into it the adolescent oppositional defiance disorder types would realize that should be happy about the IRL improvement for them in that area. USPAP puts them on equal footing with their reviewers due to it being equally applicable in both directions.

It's impossible to even estimate how many improper requests were never made due to clients understanding from the outset that the appraisers *couldn't* comply and would invariably refuse on that basis.

 

[Terrel L. Shields]

993/yr for a population of 94,000

1.1% - 4x CPAs
This equates to one-third of one enforcement (0.33) per 1,000 CPAs per year.
And of all people how should know the law....again, sanctioned about1/5th that appraisers suffer.